Funeral Insurance and Cheap Burial Insurance Quotes
Preparing for a funeral can be an exhausting event but making sure you have the financial resource to cover the cost of a burial and funeral are extremely important for personal estate planning. Whether you've been to a funeral before or you've experienced the loss of a loved one, it is important to know that final expense insurance can be depended on to provide a financial safety net to cover these costs. Final expense insurance is a superior product for seniors that removes the financial obligations of your family to celebrate your life with friends and family when a person dies.
FAQs - Life Insurance Nomination Servicing Surrender
Yes, you can stop your policy before its entire duration. This process is called policy surrender. On surrendering your policy, you will be paid a Surrender Value which will be equal to your Fund Value# (after deduction of charges for surrender) on the date of surrender. However, as per the IRDAI guidelines, no payment can be made to you before the completion of the lock-in period of five years. While you can discontinue your policy before the policy term, it is advisable to stay invested for at least 10 years to enjoy the maximum benefits offered by your policy.
About - Nexus Advice Insurance Brokers
Mahmoud is the founder and Chairman of the Nexus Group. He has 40 years experience in the insurance industry having worked mainly in the UK and the GCC. Mahmoud started his career at AIG in 1974 and in 1979 he was appointed by AIG as Sales Manager in the UK. In 1982 he relocated to Dubai and was appointed Director of Agencies for the G. C. C. In 1989 Mahmoud established Eagle Star International brokerage in the U. A. E. and Bahrain, which evolved in 1991 into a fully-fledged life insurance company, Eagle Star International Life. In 2004, subsequent to a merger between Eagle Star Group and Zurich Financial Services, the company changed its name from Eagle Star International Life Limited to Zurich International Life Limited (ZIL).
NAB finishes wealth shake-up with sale of life insurance
National Australia Bank has completed the sale of 80 per cent of its life insurance business, promising the deal will make it better able to cope with tightening regulation. The bank announced the moves in July as part of a plan to shake up its wealth division and lift performance. New direction: Andrew Thorburn said the sale was the end of the bank's major divestments. Photo: Brendon Thorne In a statement on Monday, the bank said it had finalised the sale of the business to Nippon Life Insurance Company for $2. 4 billion. The bank will retain ownership of 20 per cent of the business and start a partnership with Nippon Life that includes a 20-year distribution agreement to provide life insurance products through the NAB banking network.